| Title | : | Monetary Union in West Africa (ECOWAS) |
|---|---|---|
| Author | : | Catherine A. Pattillo & Paul R. Masson |
| Release | : | 2001-02-14 |
| Kind | : | ebook |
| Genre | : | Business & Personal Finance, Books, Economics |
| Size | : | 2296461 |
| ECOWAS countries have been planning for a monetary union to increase regional economic linkages and political solidarity. Regional integration resulting in greater trade among ECOWAS countries could help increase efficiency of production. This paper evaluates whether a monetary union makes economic sense, discusses the institutional requirements for a successful monetary union, and analyzes how best the political momentum for a union can be channeled toward a fundamental improvement within the underlying policies. The paper also discusses various institutional options for implementing monetary cooperation within ECOWAS countries. |
